Corporate Restructuring And Stakeholder Perception: Analysing The Impact Of Restructuring Announcement On Shareholder Value And Public Perception
Aditya Jha, Bharati Vidyapeeth (Deemed to be) University, New Law College, Pune
ABSTRACT
Restructuring in general may be termed as a change in order to match the changing needs of the environment. By this definition we can define corporate restructuring as a well-defined decision-making exercise which is done in order to determine the current situation and endowments of a company by using the available technology, machinery and skills to meet the challenges which might be faced by the company in the coming future. This strategy consists of Acquisitions, Takeovers, Disinvestment, Merger, Demerger, Strategic Alliance etc. These need to be done in compliance with following statutes namely The Income Tax Act, Listing Agreement, Companies Act and Companies Court Rules. However, the Stamp Act needs to be approved by the following authorities namely SEBI, NCLT and Ministry of Corporate Affairs (MCA). This paper will try to explain the concept of corporate restructuring briefly and will try to give an idea about the concept with the help of some examples and case studies and will also try to explain the impact of corporate restructuring on the Shareholder Value and Public Perception.
Keywords: corporate restructuring, future, strategy, merger
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